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Isoxaflutole Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 120 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5318808

The isoxaflutole market is expected to develop at a CAGR of over 3% during the forecast period. The major factor driving the growth of the market studied is the increasing demand for food production. On the flip-side, the market is expected to face environmental regulations which are anticipated to hinder the growth of the market.

Key Highlights

  • Isoxaflutole is basically an herbicide that is used in the agro-chemical industry. It acts as a catalyst for the growth of the plants.
  • North America is expected to be the largest market of isoxaflutole market due to the large-scale consumption in the region.

Key Market Trends

Vegetables Segment Leads the Isoxaflutole Market

  • Isoxaflutole is a herbicide that is used in the agro-chemical industry which acts as a growth catalyst for the plants. The active elements in the compound rapidly get utilized in the soil and start acting on the plants.
  • In 2020, the total revenue from the vegetable segment globally is estimated to be USD 801.24 billion and is anticipated to grow annually at a CAGR of 3.2% from 2020 to 2025.
  • For the year 2019/20, the total production of vegetable oils around the world amounted to 203.91 million metric tons.
  • The total vegetable imports value of China is projected to be USD 767.81 million between January to May 2020.
  • Therefore, the increased demand is predicted to drive the growth of the market studied during the period of forecast.

North America to be the Largest Isoxaflutole Market

  • In 2019, the total market value of herbicides in the United States is projected at around USD 10.31 billion and is predicted to grow to a market size of around USD 12.7 billion by 2022.
  • According to the US Department of Agriculture, the number of farms in the United States was around 2.03 million in 2019.
  • The total value of the agricultural export of the United States was estimated to be USD 135.5 billion and is anticipated to reach a value of USD 136.5 billion in 2020.
  • The total sugarcane production of the United States was around 31.8 million tons in the year 2019. This production is anticipated to increase in future.
  • Thus, rising demand from various industries coupled with government support is expected to drive the market studied in the region during the forecast period.

Competitive Landscape

The isoxaflutole market is consolidated. Some of the players in the market include Bayer AG, CHEMOS GmbH & Co. KG, Santa Cruz Biotechnology, Inc., BASF SE, and Merck KGaA.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Rising Demand for Food Production
4.1.2 Unfavorable conditions arising due to the COVID-19 outbreak
4.2 Restraints
4.2.1 Environmental Concerns
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5.1 Crops
5.1.1 Vegetables
5.1.2 Sugarcane
5.1.3 Almonds
5.1.4 Peaches
5.1.5 Maize
5.1.6 Apple
5.1.7 Others
5.2 Geography
5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.2.2 North America United States Canada Mexico
5.2.3 Europe Germany United Kingdom France Italy Rest of Europe
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 Bayer AG
6.4.3 CHEMOS GmbH & Co. KG
6.4.4 Merck KGaA
6.4.5 Santa Cruz Biotechnology, Inc.
6.4.6 Shanghai E-Tong Chemical Co., Ltd.
6.4.7 Shijiazhuang Awiner Biotechnology ltd
6.4.8 Wanko Chemical Co. Ltd.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bayer AG
  • CHEMOS GmbH & Co. KG
  • Merck KGaA
  • Santa Cruz Biotechnology, Inc.
  • Shanghai E-Tong Chemical Co., Ltd.
  • Shijiazhuang Awiner Biotechnology ltd
  • Wanko Chemical Co. Ltd.